In a world with the free movement of labour and capital, the quality of living is likely to increasingly become a key driver of the competitiveness of countries. A first area of urgent attention in our view is maternity: we invest too little in this area and the education-work cycle appears inadequate and suboptimal given the technological leap countries are going through.

16.06.2020

Any genuinely effective economic growth strategy for Italy should begin by acknowledging that we live in a world where policies and regulation structurally favours an increasing polarisation of the financial means of companies, to the benefit of ultra large companies, but the detriment of micro, small, medium and start-up companies. There are ways to partially correct this imbalance and we think there is a unique role for the State to play here in a country of the scale of Italy.

16.06.2020

The combination of persistently low interest rates, the current technological leap and deepening globalisation is creating ultra-large companies across sectors.
This process is different from the past in two aspects: the size & the frequency.
What are the implications?

30.10.2020

The current inflation target framework is not adequate to the challenges we face and will unfold in the coming decade.
An important channel of inflation, which is not monitored at all by policy makers but is implicit in the background, is the environmental cost from shortening the life span of goods and services – which is de facto a form of inflation and has significant financial cost for families and on the long term health of the whole planet. It is time refresh the approach.

18.12.2020

Big data and AI is increasingly being used in production processes and for predictive – risk management decisions.
What is it?

18.12.2020

The Romanian economy has been hit by multiple shocks in 2020: COVID-19, a bad harvest, and the end of the UK transition period before it leaves the EU.
This is an extract of our Romania 2021 outlook, and our expectations for the coming year.

18.12.2020

Czech household spending and fixed investment have been badly affected by the COVID-19 restrictions, which has also resulted in a lacklustre recovery, if compared to other CE economies.
This is an extract of our Czech Republic 2021 outlook, and our expectations for the coming year.

21.12.2020

We expect the Italian economy to contract around 9% this year, above its peers that have been affected deeply by the virus (e.g. France and Spain). However, we expect economic recovery to be very slow.
This is an extract of our Italy 2021 outlook, and our expectations for the coming year.

21.12.2020

There is growing evidence suggesting a genuine policy shift geared more credibly towards anchoring inflation around 9-10% instead of implicitly allowing a creeping up of inflation rates to double digits.
This is an extract of our Turkey 2021 outlook, and our expectations in the coming year.  

07.01.2021

Real GDP growth has the potential to accelerate to 5.3% in 2021E, if the COVID-19 virus is contained quickly and on the back of continuing strong monetary and fiscal stimuli.
This is an extract of our Poland 2021 outlook, and our expectations in the coming year.  

15.01.2021

PM Orban achieved a significant political goal by securing, simultaneously, ample EU funds support and a de facto major watering down of the new rule of law directive, which entered into force in January 2021.
This is an extract of our Hungary 2021 outlook, and our expectations in the coming year.  

29.01.2021

The economy is suffering deeply from the protracted disruptions in the tourism industry, but it is benefiting increasingly from FDI inflows and improvements in the manufacturing sector.
This is an extract of our Greece 2021 outlook, and our expectations in the coming year.  

29.01.2021